CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba granted golden license to two firms specialized in producing household appliances.

The two companies are Beko Egypt for home appliance and BSH Home Appliances Group.

Golden licenses aim to reduce much of the long time usually needed to obtain regular permits to start projects, it also grants investors approval to operate their projects in a one-step approval to promote investment in Egypt.